About Ashitech Equipments Private Limited
Data last updated:
Ashitech Equipments Private Limited is a private limited company based in Mehsana, Gujarat, India. It operates in the construction machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 07 September 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29248GJ2006PTC049051. Its GSTIN is 24AAGCA0310E1ZL (Gujarat).
The company has an authorised share capital of ₹35 Lakh and a paid-up capital of ₹20.86 Lakh. It is led by directors including Akshat Bharatkumar Patel and Bharatkumar Manilal Patel.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 14 GIDC Phase – II Dediyasan, Mehsana, Gujarat, India – 384002.
As per the financials filed for FY 2025, the company reported a revenue of ₹66.4 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹2.03 Cr (net margin 3.1%) and EBITDA of ₹4.34 Cr (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 15% over five years.
The company has about 36 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹14.79 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashitech.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address14 GIDC Phase – II Dediyasan, Mehsana, Gujarat, India – 384002
- IndustryMachinery and Equipment, Construction Machinery & Equipment
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Ashitech Equipments Private Limited
The main business activity of Ashitech Equipments is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ashitech Equipments Private Limited FY 2025 filings available
Ashitech Equipments Private Limited reported revenue of ₹66.4 Cr (up 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ashitech Equipments Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 13% growth in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Ashitech Equipments Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹66.4 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹4.34 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.03 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ashitech Equipments Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ashitech Equipments are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ashitech Equipments Private Limited
Ashitech Equipments Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Construction Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Readymix Construction Machinery Limited | ₹73.5 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Pune, Maharashtra, India |
| Winsteel Engineering Works Private Limited | ₹72.08 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Surat, Gujarat, India |
| Gujarat Apollo Industries Limited Listed | ₹70.23 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Mehsana, Gujarat, India |
| Universal Construction Machinery and Equipment Limited | ₹69.69 Cr (FY 2018) | •••• | •••• | -10.0% | •••• | Naka, Kothurd, Pune - 411038, Maharashtra, India |
| Tejus Centering and Constructions Equipments Private Limited | ₹66.66 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Pune, Maharashtra, India |
| Ashitech Equipments Private Limited this company | ₹66.4 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mehsana, Gujarat, India |
| Warpp Engineers Private Limited | ₹64.9 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Vasai, Maharashtra, India |
| Vismaya Rocks Private Limited | ₹64.45 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Kadakkal, Kerala, India |
| Unified Formwork Systems Private Limited | ₹64.32 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
| Atlas Technologies Private Limited | ₹61.57 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Mehsana, Gujarat, India |
| A K E Infra Structure Private Limited | ₹61.17 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Ashitech Equipments by revenue in the Machinery and Equipment industry (Construction Equipment), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ashitech Equipments Private Limited
Ashitech Equipments Private Limited is audited by MANISH D. SALVI & ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANISH D. SALVI & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ashitech Equipments Private Limited
Ashitech Equipments has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akshat Bharatkumar Patel | Director | 15 Jun 2021 | 5 Years 3 Months | Current |
| Bharatkumar Manilal Patel | Director | 17 Sep 2006 | 20 Years 0 Months | Current |
| Manilal Prabhudas Patel | Director | 07 Sep 2006 | 20 Years 1 Months | Current |
| Minaxiben Bharatbhai Patel | Director | 15 Feb 2011 | 15 Years 7 Months | Current |
| Vatsal Bharatkumar Patel | Director | 10 Oct 2016 | 10 Years 0 Months | Current |
Ownership and Shareholding of Ashitech Equipments Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ashitech Equipments Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Apr 2024 | Others | ₹38.9 Lakh | Open |
| 27 Jan 2023 | Hdfc Bank Limited | ₹4.42 Cr | Open |
| 09 Nov 2021 | Hdfc Bank Limited | ₹9.98 Cr | Open |
Total charge records: 3 View all charges
MSME Payment Delays by Ashitech Equipments Private Limited
Ashitech Equipments Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 484 overdue payments to 72 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 72)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Shiva Transmission Agency | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Sagar Glass & Plywood Centre | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 1 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Ashitech Equipments Private Limited
Ashitech Equipments Private Limited has a workforce of 36 employees as of Feb 11, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ashitech Equipments Private Limited
Ashitech Equipments Private Limited has 6 board changes on record since 2006: 5 appointments and 1 cessation. The latest: Akshat Bharatkumar Patel was appointed as Director on 15 Jun 2021.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ashitech Equipments Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ashitech Equipments Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ashitech Equipments Private Limited
Ashitech Equipments has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCA0310E1ZL | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ashitech Equipments Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ashitech Equipments Private Limited
Ashitech Equipments is an active private limited company based in Mehsana, Gujarat, India. The company works in construction machinery and equipment, within the machinery and equipment industry. It was incorporated on 07 September 2006 (20+ years old) and is registered under CIN U29248GJ2006PTC049051.
Ashitech Equipments reported revenue of ₹66.4 Cr for FY 2025 (up 13% YoY).
Ashitech Equipments has 5 current directors:
- Akshat Bharatkumar Patel - Director
- Bharatkumar Manilal Patel - Director
- Manilal Prabhudas Patel - Director
- Minaxiben Bharatbhai Patel - Director
- Vatsal Bharatkumar Patel - Director
Ashitech Equipments reported a net profit of ₹2.03 Cr (net margin 3.1%) and EBITDA of ₹4.34 Cr (EBITDA margin 6.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ashitech Equipments is 17% over three years and 15% over five years. In the latest year (FY 2025) revenue rose 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ashitech Equipments is 24AAGCA0310E1ZL, registered in Gujarat.
The CIN (Corporate Identification Number) of Ashitech Equipments is U29248GJ2006PTC049051. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashitech Equipments was incorporated on 07 September 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ashitech Equipments by revenue are Readymix Construction Machinery Limited, Winsteel Engineering Works Private Limited, Gujarat Apollo Industries Limited, Universal Construction Machinery and Equipment Limited, Tejus Centering and Constructions Equipments Private Limited and 5 more, all in the Machinery and Equipment industry (Construction Equipment).
Akshat Bharatkumar Patel was appointed as Director on 15 Jun 2021. Vatsal Bharatkumar Patel was appointed as Director on 10 Oct 2016. Shankarbhai Govindbhai Patel ceased to be Director on 16 Oct 2015. Ashitech Equipments has 6 board changes on record in total.
Ashitech Equipments has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 484 overdue payments to 72 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Ashitech Equipments can be reached through the website ashitech.com. Its registered office is in Mehsana, Gujarat, India.